We'll send you updates with the latest deals, reviews and articles for Malaysia each week. One of the most frequent questions is what money do I take with me, should I use cash, ATM or travellers cheques?
Should you need to carry Ringgit notes, foreign currency notes and traveller's cheque in excess of the permitted limits, prior written permission must be obtained from Exchange Control Department. So whatever you are are planning you are not allowed to take more than USD 10, worth of ringgit in cash per adult into Malaysia.
Chances of being stopped are slim especially if you walk confidently through the green channel, but only you can decide whether to chance it or not. You can get some money changed up at home so you have enough for your incidentals when you arrive, or use the ATM in your arriving airport. You can always take your own home currency, as changing up cash is really easy, they all offer pretty similar rates [banks, money changers etc] to be honest, you can shop around for the best rates and might gain a few cens here and there, but on the whole it won't be much.
The money changer is pretty straight forward - you give him your money, he will press a few buttons on his calculator and come out with the exchange rate. If you are happy with the rate you will convert your currency for Ringgits. They work exactly as a bank or Travel exchange. Do check the money you are receiving is correct. Here's a website that you might want to look at regarding Ringgit Malaysia's security features.
The easiest and most secure method of getting your currency in Malaysia is no different than almost anywhere in the world. As normal, a 4 digit PIN is required, so if your password has more digits, change it before you depart on your trip. Credit cards are widely accecpted. ATMs to get out cash as needed - usually use Maybank or Public Bank with no problems as long as you tell your bank before you go. Never block your credit card before you go, emergencies happen!! Be sensible when using any cards, look out for 'scammers' on ATM or card reading machines.
You are equally as likely to be targeted for card fraud at home. Credit cards are an essential travel accessory now a days, but you need to follow basic security rules and NEVER let the card out of your sight. If you prefer the security offered by Travellers cheques, then take them in your home currency if available. If you are from Britain, do not get USD cheques or you'll lose money on that exchange before you've even started. In some cases there is a fee to buy travellers cheques.
All of your saved places can be found here in My Trips. Free Newsletter Interested in Malaysia? Firstly, you have to consider the law: Which is best for me? It is the easiest to use, and in most cases the cheapest as well, but has obvious risks associated with loss. You do not have to present ID to exchange foreign currency. This may be an excellent option if your home bank does not charge high fees.
ATMs are plentiful and located just about everywhere. Travellers Cheques If you prefer the security offered by Travellers cheques, then take them in your home currency if available.
When you exchange Travellers Cheques there will be a mandatory fee to exchange per cheque. To minimise this it is wise to get your cheques in larger denominations i. TripAdvisor LLC is not responsible for content on external web sites. Taxes, fees not included for deals content. About Us Help Center.More...